CDR.fyi, the initiative working on safeguarding transparency and accountability on the carbon dioxide removal (CDR) market, has published its 2024 Q3 Durable CDR Market analysis, highlighting key developments in the sector.
The general overview shows growth in volumes, with 2024 Q3 ranking as the third-highest quarter to date, marked by 1.2M tonnes of CDR sales.
While the analyzed data shows a growth in volumes, it also sheds a light on a worrisome decline in new buyers, with Q3 2024 bringing the lowest number since Q3 2021.
In another CDR.
fyi survey, 71% of participants shared that the approaching US elections might also impact CDR purchases to some degree.
Read more: CDR.
fyi Releases 2024 Q2 Durable CDR Market Update..
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